Unclaimed assets
Market basicsShares, deposits and fund units whose owners or heirs have not come forward to claim them.
In plain terms
Thousands of crores sit unclaimed in India — mostly because nobody registered a nomination.
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Shares, deposits and fund units whose owners or heirs have not come forward to claim them.
Thousands of crores sit unclaimed in India — mostly because nobody registered a nomination.